Cronbank AG SWIFT/BIC code

GENODE51 – the SWIFT/BIC code of Cronbank AG

Whether a recipient gives you GENODE51 or GENODE51CRO, it is the identical identifier for Cronbank AG in Germany. Every bank on the SWIFT network uses these codes to direct international transfers to the right institution. In daily life you usually come across the code on international invoices, in payment forms and in the bank details of Cronbank AG customers.

This page is meant to help people who pays into an account at Cronbank AG and wants to get the details right. The BIC names a bank or branch, not a specific account; the IBAN or account number does that.

Is GENODE51 still correct? How to check

The most reliable place for the right code is a document from the bank itself, such as a statement or the account details in online banking. If the code you have does not match GENODE51 or GENODE51CRO, do not guess – contact the recipient or Cronbank AG.

An incorrect BIC may lead to a delay, a returned payment or additional charges along the way. Do not forget the account number: a mistake there can be harder to correct than a wrong BIC.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. If your bank offers it, a name check before sending gives extra certainty. Sending a small amount first is worth it for large sums.

Changed bank details? Be careful

Criminals often send fake invoices containing changed bank details. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Check new payment details via a different channel, such as a phone number you already know. Urgency or secrecy are warning signs. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment; also report it to the police.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money has really arrived – ask Cronbank AG if something looks wrong.

International transfers from Cronbank AG: the real cost

A bank transfer abroad can cost rather more than the listed fee. On top of the transfer fee, banks in between may deduct a fee, and when the money changes currency, the bank often uses a rate below the real market rate.

The real cost is often in the rate, not in the fee: the bank converts using an exchange rate with a margin built in. An easy check: put the rate you get against the mid-market rate and look at the difference.

For many routes, a specialist provider is less expensive than a traditional bank transfer. On GoldexPay we compare the amount that arrives across providers, which makes the cheapest option easy to spot. You can still use your account at Cronbank AG, while a cheaper service handles the conversion.

What to give a sender who pays you at Cronbank AG

For a transfer from abroad at Cronbank AG, the person paying you needs not just the SWIFT code. That means: your name as registered with Cronbank AG, your IBAN or account number, the BIC GENODE51CRO (or GENODE51) and usually your postal address.

Some banks also ask for the address of Cronbank AG. Double-check every detail before you share them.

The amount you receive is often lower than what was sent. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate applies. For business payments, it is common to state how the fees are split to avoid a shortfall.

Sending EUR to Cronbank AG

Germany pays in the Euro, code EUR. When you pay another currency it gets converted at some point – by your bank, by Cronbank AG or by a bank in between. There is rarely a separate line for the conversion; it is built into the rate.

Where the conversion happens affects how much arrives, since every bank sets its own rate. In many cases it is cheaper to send EUR directly through a provider with a good rate, so that the receiving bank does not need to convert again.

The EUR rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate make a real difference over time.

A note on our data

Our SWIFT/BIC directory draws on publicly available sources and we update it periodically. Still, banks merge, rename themselves or retire codes, so information can be out of date. Figures such as the number of codes are from our own dataset and are not confirmed by Cronbank AG.

Treat our directory here as a helpful check, and let the details from the recipient or Cronbank AG have the final say. GoldexPay is independent of Cronbank AG. Spotted outdated information? Let us know via our contact form.

How long does an international transfer to Cronbank AG take?

There is no single delivery time for every transfer: many arrive the same day or the next while others need several business days. Bank holidays in either country can add a day or more, since banks do not process on those days. Extra checks on larger or unusual payments may also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR. Money transfer services usually show tracking online so you can see where the payment is.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation.

Euro transfers to Cronbank AG: is a BIC needed?

Inside SEPA, euro transfers to Cronbank AG follow common rules, so the IBAN does the job in most cases. The BIC field is often optional for those payments.

The BIC does come into play when the currency is not euros. If a payment form has a field for the BIC regardless, adding GENODE51 is fine.

Instant payments in euros are widely available across SEPA – whether Cronbank AG offers them for your account is worth checking. Fees for SEPA payments are generally low.

8 or 11 characters: GENODE51 versus GENODE51CRO

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and characters seven and eight mark the location. For Cronbank AG, that core is GENODE51.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office, which is why GENODE51CRO and GENODE51 lead to the same place.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Pasting the code beats typing it by hand.

Cronbank AG: head office code versus branch codes

Having 2 codes in 1 locations, Cronbank AG is one of the banks that use separate codes for parts of the organisation and departments. The main code is GENODE51CRO.

Usually there is no need to pick a branch: payments sent to GENODE51CRO reach Cronbank AG without problems. Only use a branch code when the recipient gives you that exact code.

Unsure which code applies? Check with the recipient. Branch codes can change when banks reorganise.